The Indianapolis journal., 1887-05-18
CONDITION OF THE MARKETS
Wheat Active and Irregular. but the
Fluctuations Are Rather Narrow.
Corn Opens Stronger. but subsequently De-
clines and Closes Dull-Ribs Open Firm
and Higher, but a Decline Follows.


The Market Strong and Higher, with Slight
Declines from Time TO Time.
NEW YORK. May 1Z-Money on call was
easy at Al as per cent, closing offered at . per
cent
Prime mercantile paper, 566 per cent
Sterling exchange was dull but steady and
unchanged.
The total sales of stocks to-day were 319,O76
shares including the following: Canada South
ern. 1925; Delaware, Lackawanna Western.
H. 600 Erie, 5375; Fort Worth g. Denver, $780,
Lake Shore. $685. Louisville & Nashville. $685.
Missouri Pacific. Is, AL; Northwestern, 23,670
New Jersey Central, $500; Northern Pacific,
5,150; Peoria, Decatur & Evansville, 4,44O; Read
ing, 26,240 St Paul. 39,01l; St. Paul d. Omaha,
1880: Union Pacific, I3 $50
The stock market was strong and higher, with
slight concessions at times throughout the
greater part of the day. While the buying was
not specially heavy, there was pressure to
sell, and the bullish sentiment made further
progress, though the advances made, In but few
cases, are for more than fractions. There was
no news of a character to effect values, and the
foreigners moderate sellers early in the
day The grangers were the special features.
and more especially those which are now paying
dividends, and their movement gave character
10 the entire market The remainder of the
list were frm generally. though a few special
hes made marked advances, while the coal
stocks, and Jersey Central in particular,
heavy to weak. the dull out
look for the coal trade. The Gould stocks
we're expected to rise, but Missouri Pacific only
responded while the others remained dull
and featureless Reading rather heavy
Ihe proximity of the assessment, but it was more
active than for the past few days. The market
rather heavy at the opening, but became
strong Immediately under the lead of the gran
gers. The business moderately active. but
Ff0E hA ahU n Uh
tone Of the market still remained firm. changes
only until the afternoon. when Jersey Central
developed decided weakness and the general
market showed a drooplng tendency, accompa-
MED by an increase in business. There
further change in the temper of the market, but
the close steady. Sales. 3l9, 9,076 shares. ST.
Paul. 39.0l1: Reading, 26,240; Northwestern,
% 670; Missouri Pacific. 15.4ll; Union Pacific,
13. $50 Closing prices show irregular changes,
although the advances are more numerous and
of more Importance. Rock Island and Fort
Worth up per cent each and st. Paul pre-
ferred per cent
Railroad bonds were ouch less active; sales,
So 001. 600 The Ohio Southern incomes con-
tributed &4S5, 900: Atlantic & Pacific incomes,
$3l 900, and Denver e. Rio Grande Western,
$2l0. 000 The general list showed considerable
irregularity but was generally firm, and closing
prices, in most cases. show advances; Chesa-
peake e. Ohio series B, coupon off, advanced 2.
Lacrosse division sevens. 81, to 125; Quincy e.
Toledo hrsts T. to l03.
Government bonds were dull, but steady to
firm.
State bonds were active and irregular Clos
ing quotations